13166, Weedsport, NY

The Weedsport, NY 13166 zip code has a population of just over 5,000 people. The median household income in this zip code is just over $60,000. Home prices in the 13166 zip code have been increasing steadily for the past few years, and as of September 2017 they were worth an average of $269,000. This makes the 13166 zip code one of the most expensive in upstate New York.

One reason for this high home price appreciation is that Weedsport is located in a desirable area. The zip code includes parts of Cortland County and Tompkins County, both of which are considered to be among the most affluent counties in upstate New York. Additionally, Weedsport is located close to several major cities – Rochester and Syracuse are both about an hour away by car, while Albany and Ithaca are both about two hours away. This proximity to major cities has led to increased demand for housing in the 13166 zip code, which has resulted in higher home prices.

Another factor contributing to the high home prices in the 13166 zip code is low unemployment rates. As of September 2017, unemployment rates were below 3% – compared to rates above 6% across much of upstate New York – which means that there is a greater demand for housing here than elsewhere. In addition, there are relatively few vacant homes available for sale or rent in the 13166 zip code – meaning that buyers who want to purchase a home have more competition from other potential buyers than they would if there were more available homes for sale or rent.

Overall, it appears that rising home prices and low unemployment rates are driving increased demand for housing in the 13166 zip code – making it one of the most expensive areas in upstate New York when it comes to buying a home.